European Parliament Library

South Africa, 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa, International Monetary Fund

The global financial crisis had a much more pronounced impact on South Africa relative to some other large emerging markets. The overriding economic policy challenge is to reduce unemployment and inequality through higher economic growth. Unemployment is a key policy focus; and a wage subsidy aimed at younger unskilled workers, as well as other policy options, are under discussion. IMF staff broadly concur with the authorities’ approach, and believe that the current fiscal plan strikes the right balance between supporting the recovery through sustained infrastructure investment while ensuring fiscal sustainability
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Navigating The Near-Term Policy Challenges; A. Recent Developments and Outlook; B. Ensuring Fiscal Sustainability; C. Monetary Policy: Staying Ahead of the Curve; Boxes; 1. Exchange Rate Assessment; III. Raising Potential Growth; A. Unemployment; B. Other Structural Policies; IV. Staff Appraisal; 2. The South African Financial Sector After the Crisis; Figures; 1. Real Sector Developments; 2. Exchange Rate, Asset Prices and Spreads; 3. Monetary Developments and Interest Rates; 4. Monetary Developments and Interest Rates; Tables
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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